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V1351-25 17 July 2025 · SG de Impuestos sobre el Consumo Criterion in force
IVA · mediación financiera

Financial mediation may be VAT-exempt if provider acts as a third party adding value

A financial institution asks whether its collaborator dealers' financial intermediation activities are VAT-exempt. The DGT responds that exemption applies if the dealer's role is genuine mediation, not merely information supply.

The question raised

Whether the exemption provided for in Article 20.One, paragraph 18.m) of Law 37/1992 is applicable to the financial intermediation activity carried out between the applicant and the dealers.

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